Reframing Value for Money in a post-cost world

Insights

22/10/2025

How can the industry move beyond cost and deliver real value for members?

Value for money in UK DC pensions is entering a new era.For a decade, cost has defined value — but government reform, consolidation, and member expectations are pushing the industry to rethink what “value” truly means.

In this first article from Lumera’s UK DC Pension 2030 series, senior leaders from across the DC ecosystem — including KPMG, Scottish Widows, Standard Life, and the Pensions Policy Institute — share their insights on:

  • Shifting from cost to outcomes
  • The impact of consolidation and scale
  • What members really value in retirement
  • How data, governance, and technology can redefine value for money

Discover what it will take to deliver fair, transparent, and sustainable value by 2030.

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